Paterson Education Foundation Inc
- Assets
- $200.9k
- Revenue
- $747.3k
- Investments
- $11.9k
- Employees
- 31
- Location
- Paterson, NJ
- Founding
- 04/1986
- Data as of
- 06/2021
- EIN
- 22-2464316
Organization Overview
Paterson Education Foundation Inc, operating under the name Paterson Education Fund, is located in Paterson, NJ. The organization was established in 1986. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2021, Paterson Education Fund employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paterson Education Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Paterson Education Fund generated $747.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $714.1k during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PATERSON EDUCATION FOUNDATION IS INVOLVED IN VARIOUS PROGRAMS TO IMPROVE EDUCATION IN THE PATERSON PUBLIC SCHOOL SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRADUATING EVERY PATERSON CHILD-THE VISION OF THIS PROGRAM IS THAT PATERSON SCHOOLS WILL GRADUATE 90% OF PATERSON STUDENTS ABLE TO PARTICIPATE IN POST SECONDARY EDUCATION WITHOUT REMEDIATION. THIS INITIATIVE INCLUDES STRATEGIES FOR IMPROVING STUDENT OUTCOMES FROM BIRTH THROUGH HIGH SCHOOL GRADUATION.
THE NITA M. LOWEY 21ST CENTURY COMMUNITY LEARNING CENTERS (21ST CCLC): PEF'S OPERATES 21ST CENTURY COMMUNITY LEARNING CENTERS IN TWO SCHOOLS, PROVIDING AFTERSCHOOL AND SUMMER TUTORING, ACADEMIC ENRICHMENT, CULTURAL, ARTISTIC, AND SOCIAL AND EMOTIONAL WELLBEING OPPORTUNITIES. THE PROGRAMS ARE STEAM BASED AND USE INQUIRY-BASED LEARNING TO FULLY ENGAGE STUDENTS IN THEIR OWN GROWTH AND DEVELOPMENT. THE PROGRAM BEGAN IN OCTOBER 2020 AND SERVES 151 STUDENTS IN GRADES 3 THROUGH 8. PROGRAMS SUPPORT: ACADEMIC ENRICHMENT ACTIVITIES THAT CAN HELP STUDENTS MEET STATE AND LOCAL ACHIEVEMENT STANDARDS. A BROAD ARRAY OF ADDITIONAL ENRICHMENT SERVICES DESIGNED TO REINFORCE AND COMPLEMENT THE REGULAR ACADEMIC PROGRAM, SUCH AS: DRUG AND VIOLENCE PREVENTION PROGRAMS, CAREER AND TECHNICAL PROGRAMS, COUNSELING PROGRAMS, ART, MUSIC PROGRAMS, STEM PROGRAMS, AND PHYSICAL ACTIVITY AND NUTRITION EDUCATION PROGRAMS. LITERACY AND RELATED EDUCATIONAL DEVELOPMENT SERVICES TO THE FAMILIES OF CHILDREN WHO ARE SERVED IN THE PROGRAM.
PEF SUPPORTS THREE STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATHEMATICS) ENRICHMENT PROGRAMS FOR TEENS. GIRLS UNITED FOR THE EARTH (GUFE) FOR HIGH SCHOOL GIRLS, MATTER OBSERVED THROUGH HOMBRES (MOTH) FOR HIGH SCHOOL BOYS AND SUMMER STEAM FOR 5TH THROUGH 8TH GRADE STUDENTS. THROUGH HANDS-ON INTERACTIVE EXPERIENCES AND SERVICE-LEARNING PROJECTS, THE YOUNG PEOPLE EXPLORE ENVIRONMENTAL JUSTICE AND SCIENCE CAREERS. THE GIRLS ARE FOCUSED ON ENVIRONMENTAL SCIENCE AND THE BOYS ARE STUDYING ASTRONOMY. GUFE AND MOTH PARTICIPATE IN INTERNATIONAL SERVICE-LEARNING EXPERIENCES IN ALTERNATING YEARS. ALL GROUPS PROMOTE PERSONAL AND ACADEMIC DEVELOPMENT FOR THE STUDENTS. OUR PROGRAM LEADERS (GREAT FALLS TEACHERS COLLABORATIVE) USE PATERSON'S NATURAL RESOURCES AND HISTORY TO DEVELOP AND TEST THE LESSONS AS A PEER LED PROFESSIONAL DEVELOPMENT MODEL. THEY HAVE PRESENTED THEIR MODEL TO EDUCATORS AT LOCAL, STATE AND NATIONAL PROFESSIONAL DEVELOPMENT CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosemarie Grant Executive Director | Officer | 40 | $79,016 |
Arthur Scialla Jr Treasurer | OfficerTrustee | 10 | $0 |
Michelle Abel Chair | OfficerTrustee | 10 | $0 |
Karen Brown ESQ Secretary | OfficerTrustee | 10 | $0 |
Orlando Cruz Board Member | Trustee | 10 | $0 |
Alveria Spencer Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $503,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $747,066 |
| Total Program Service Revenue | $0 |
| Investment income | $257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $747,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,364 |
| Compensation of current officers, directors, key employees. | $6,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,635 |
| Payroll taxes | $31,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,392 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,524 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,355 |
| All other expenses | $10,768 |
| Total functional expenses | $714,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,525 |
| Pledges and grants receivable | $46,462 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,938 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,925 |
| Accounts payable and accrued expenses | $5,175 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $48,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,175 |
| Net assets without donor restrictions | $38,350 |
| Net assets with donor restrictions | $109,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $200,925 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Paterson Education Foundation Inc has recieved totaling $634,045.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $600,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $13,457 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,500 |
Victor Cruz Foundation Inc Edison, NJ PURPOSE: EDUCATIONAL | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Pseg Foundation Inc Newark, NJ PURPOSE: EDUCATION OTHER | $0 |
Endowment Analysis
| Beg. Balance | $11,546 |
| Earnings | $392 |
| Ending Balance | $11,938 |
Peer Organizations
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|---|---|---|
American Dairy Assn & Dairy Council Of Ny Inc Empire Building North Syracuse, NY | $7,719,519 | $19,494,429 |
Nj Assoc Of School Administrators Corp Trenton, NJ | $2,166,473 | $2,484,430 |
Consortium For Public Education Mckeesport, PA | $8,617,979 | $3,033,681 |
The Pittsburgh High Technology Council Pittsburgh, PA | $3,558,028 | $3,049,569 |
New York State Council Of School Superintendents Albany, NY | $5,077,642 | $3,046,665 |
Project Ready Newark, NJ | $545,292 | $2,709,148 |
Associated Builders And Contractors Inc East Syracuse, NY | $1,910,207 | $2,380,603 |
Maritime Exchange For The Delaware River And Bay Philadelphia, PA | $9,242,868 | $2,750,481 |
Fellowship Bmec Inc Philadelphia, PA | $3,935,912 | $4,831,352 |
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New York State Restaurant Assn Inc Albany, NY | $6,584,499 | $1,643,871 |
Unschooled The Movement Inc Newtown Square, PA | $44,450 | $1,311,519 |